Common use of Effective Period, Termination and Amendment; Interpretive and Additional Provisions Clause in Contracts

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial Bank resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This The rights and duties of the Custodian Agreement as described herein shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement as provided in Section 8.01. The rights and duties of the parties hereto. This Custodian Agreement may be terminated by either party the Custodian or ACOLT by written notice to the other partyparty and the consent of the holders of a majority of the outstanding principal amount of the Secured Notes, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under in accordance herewith, the Servicing Agreement, this appointment of the Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereundershall immediately terminate. As soon as practicable after the termination of the Custodian pursuant to this Custodian AgreementSection 4.05, the Custodian shall deliver the Receivable Lease Asset Files described herein to the Issuing Entity ACOLT or the Issuing EntityACOLT’s agent at such place or places as the Issuing Entity ACOLT may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial GMAC LLC resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial General Motors Acceptance Corporation resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity Issuer or by any Persons to whom the Issuing Entity Issuer has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity Issuer or the Issuing Entity’s Issuer's agent at such place or places as the Issuing Entity Issuer may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) 60 days after the date of such notice. Notwithstanding the foregoing, if Ally Financial GMAC resigns as Servicer under the Basic Documents Trust Sale and Servicing Agreement or if all of the rights and obligations of the Servicer have been terminated under the Trust Sale and Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity Issuer or GMAC or by any Persons to whom the Issuing Entity Issuer or GMAC has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Receivables Files described herein to the Issuing Entity or Issuer, the Issuing EntityIssuer’s agent or GMAC at such place or places as the Issuing Entity Issuer or GMAC may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial General Motors Acceptance Corporation resigns as Servicer under the Basic Documents Further Transfer and Servicing Agreements or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity Issuer or by any Persons to whom the Issuing Entity Issuer has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity Issuer or the Issuing Entity’s Issuer's agent at such place or places as the Issuing Entity Issuer may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) 60 days after the date of such notice. Notwithstanding the foregoing, if Ally Financial GMAC resigns as Servicer under the Basic Documents Trust Sale and Servicing Agreement or if all of the rights and obligations of the Servicer have been terminated under the Trust Sale and Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity Issuer or GMAC or by any Persons to whom the Issuing Entity Issuer or GMAC has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Receivables Files described herein to the Issuing Entity Issuer, the Issuer's agent or the Issuing Entity’s agent GMAC at such place or places as the Issuing Entity Issuer or GMAC may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s 's agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial GMAC resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement hereto and may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Navistar Financial Corporation resigns as Servicer under the Basic Documents Further Transfer and Servicing Agreements or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity Owner Trustee or by any Persons to whom the Issuing Entity Owner Trustee has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity Owner Trustee or the Issuing Entity’s Owner Trustee's agent at such place or places as the Issuing Entity Owner Trustee may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This The rights and duties of the Custodian Agreement as described herein shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement as provided in Section 8.01. The rights and duties of the parties hereto. This Custodian Agreement may be terminated by either party the Custodian or ABLT by written notice to the other partyparty and the consent of the holders of a majority of the outstanding principal amount of the Secured Notes, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under in accordance herewith, the Servicing Agreement, this appointment of the Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereundershall immediately terminate. As soon as practicable after the termination of the Custodian pursuant to this Custodian AgreementSection 4.05, the Custodian shall deliver the Receivable Lease Asset Files described herein to the Issuing Entity ABLT or the Issuing EntityABLT’s agent at such place or places as the Issuing Entity ABLT may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) 60 days after the date of such notice. Notwithstanding the foregoing, if Ally Financial GMAC resigns as Servicer under the Basic Documents Trust Sale and Servicing Agreement or if all of the rights and obligations of the Servicer have been terminated under the Trust Sale and Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity or GMAC or by any Persons to whom the Issuing Entity or GMAC has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Receivables Files described herein to the Issuing Entity or Entity, the Issuing Entity’s agent or GMAC at such place or places as the Issuing Entity or GMAC may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This The rights and duties of the Custodian Agreement as described herein shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement as provided in Section 8.01. The rights and duties of the parties hereto. This Custodian Agreement may be terminated by either party the Custodian or AFLT by written notice to the other partyparty and the consent of the holders of a majority of the outstanding principal amount of the Secured Notes, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under in accordance herewith, the Servicing Agreement, this appointment of the Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereundershall immediately terminate. As soon as practicable after the termination of the Custodian pursuant to this Custodian AgreementSection 4.05, the Custodian shall deliver the Receivable Lease Asset Files described herein to the Issuing Entity AFLT or the Issuing EntityAFLT’s agent at such place or places as the Issuing Entity AFLT may reasonably designate.

Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial General Motors Acceptance Corporation resigns as Servicer under the Basic Documents Second Step Transfer and Servicing Agreements or if all of the rights and obligations of the Servicer have been terminated under the Second Step Transfer and Servicing AgreementAgreements, this Custodian Agreement may be terminated by the Issuing Entity Issuer or by any Persons to whom the Issuing Entity Issuer has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity Issuer or the Issuing Entity’s Issuer's agent at such place or places as the Issuing Entity Issuer may reasonably designate.